Endurance International Group: Difference between revisions
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'''Endurance International Group, Inc. (EIG)''', formerly BizLand, is a [[web hosting]] company. The company was founded in 1997 and is headquartered in Burlington, Massachusetts.<ref name="bloomberg">[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=112165 The Endurance International Group, Inc.], Bloomberg Businessweek. Retrieved April 12, 2011</ref> It achieved its size by acquiring a large number of smaller companies, which it continues to operate under the original brand names.<ref name=netcraft>Rich Miller, [http://news.netcraft.com/archives/2007/05/09/ipower_endurance_international_announce_merger.html IPOWER, Endurance International Announce Merger], NetCraft, May 9, 2007</ref> |
'''Endurance International Group Holdings, Inc. (EIG)''', formerly BizLand, is a [[web hosting]] company. The company was founded in 1997 and is headquartered in Burlington, Massachusetts.<ref name="bloomberg">[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=112165 The Endurance International Group, Inc.], Bloomberg Businessweek. Retrieved April 12, 2011</ref> It achieved its size by acquiring a large number of smaller companies, which it continues to operate under the original brand names.<ref name=netcraft>Rich Miller, [http://news.netcraft.com/archives/2007/05/09/ipower_endurance_international_announce_merger.html IPOWER, Endurance International Announce Merger], NetCraft, May 9, 2007</ref> |
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In 2011, Endurance was bought from [[Accel-KKR]] by [[Warburg Pincus]] and [[GS Capital Partners]], for around $975 million.<ref name=ipo>{{cite web|last=Demos|first=Telis|title=Web Hoster Endurance International Preps for IPO|url=http://blogs.wsj.com/deals/2013/03/15/web-hoster-endurance-international-preps-for-ipo/|publisher=WSJ|accessdate=17 April 2014}}</ref> The company went public in October 2013.<ref>http://www.nasdaq.com/markets/ipos/company/endurance-international-group-holdings-inc-409100-73448</ref><ref>http://www.bostonglobe.com/business/2013/10/25/endurance-web-hoster-endurance-raises-million-ipo/0mwVrnj7qmz3qefHXkRYyM/story.html</ref> |
In 2011, Endurance was bought from [[Accel-KKR]] by [[Warburg Pincus]] and [[GS Capital Partners]], for around $975 million.<ref name=ipo>{{cite web|last=Demos|first=Telis|title=Web Hoster Endurance International Preps for IPO|url=http://blogs.wsj.com/deals/2013/03/15/web-hoster-endurance-international-preps-for-ipo/|publisher=WSJ|accessdate=17 April 2014}}</ref> In September 2013, the company announced plans to raise $400 million in an [[IPO]].<ref>http://www.sec.gov/Archives/edgar/data/1237746/000119312513361255/d555515ds1.htm</ref> The company announced it would list on the NASDAQ under the ticker symbol EIGI.<ref>http://www.nasdaq.com/symbol/eigi</ref> It went public in October 2013 raising $252 million selling shares to the public at $12 each. This was below the company's target goal of $400 million.<ref>http://www.nasdaq.com/markets/ipos/company/endurance-international-group-holdings-inc-409100-73448</ref><ref>http://www.bostonglobe.com/business/2013/10/25/endurance-web-hoster-endurance-raises-million-ipo/0mwVrnj7qmz3qefHXkRYyM/story.html</ref> |
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The company stated that its free cash flow for operations in 2014 was $143 million. Additionally, that Warburg Pincus and [[GS Capital Partners|Goldman Sachs]] own more than 40 percent of the company.<ref name=streetinsider>{{cite web|title=Endurance (EIGI) Responds to Report by Gotham City Research|url=http://www.streetinsider.com/Corporate+News/Endurance+(EIGI)+Responds+to+Report+by+Gotham+City+Research/10496981.html|publisher=StreetInsider|accessdate=21 May 2015|date=28 April 2015}}</ref> |
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In a 2015 investor earnings conference call, the company reported having 4.2 million worldwide users.<ref name=seekingalpha-3140466>{{cite web|title=Earnings Call Transcript|url=http://seekingalpha.com/article/3140466-endurance-international-groups-eigi-ceo-hari-ravichandran-on-q1-2015-results-earnings-call-transcript |
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⚫ | In March 2015, the company announced an investment in Netherlands-based technology startup AppMachine, acquiring 40% of the company.<ref>http://www.appmachine.com/blog/appmachine-gets-15-2-million-investment-endurance/</ref><ref>http://startupjuncture.com/2015/02/24/appmachine-raises-15-2-million-partners-with-endurance-international-group/</ref> |
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|publisher=Seeking Alpha|accessdate=21 May 2015|date=5 May 2015}}</ref> |
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== Company Structure == |
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Although now one of the internet's largest web hosting providers, the company is structured differently than other large hosting companies such as [[Rackspace]], [[GoDaddy]] or [[1&1 Internet]]. The company has grown its hosting and related business through numerous acquisitions.<ref>https://www.hostingkingdom.com/blog/endurance-international-group/</ref><ref>http://seekingalpha.com/article/3034376-endurance-godaddy-wix-and-web-com-choosing-growth-or-leverage</ref> |
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As reflected in its name, "Endurance International Group Holdings, Inc.", this parent company functions similarly to traditional corporate [[holding company|holding companies]]. It offers no hosting or related services itself. Internet services are provided by a large number of its acquisitions, many of which retain their original brand names.<ref name=eigbrands>http://www.endurance.com/our-company/our-brands</ref> These include, but are not limited to: 2slick.com, AccountSupport<ref name=bbb>{{cite web|title=BBB Business Review - The Endurance International Group, Inc.|url=http://www.bbb.org/boston/business-reviews/internet-services/the-endurance-international-group-inc-in-burlington-ma-76863/|accessdate=21 May 2015|date=}}</ref>, Arvixe LLC <ref name=nasdaq-cm463276/><ref name=releasedetail>http://ir.endurance.com/releasedetail.cfm?ReleaseID=880160, Accessed 4 November 2014</ref>, A Small Orange<ref name=nasdaq-cm463276/><ref name=eigbrands/><ref name=releasedetail/>, ApolloHosting<ref name=bbb/>, Berry Information Systems, BigRock<ref>[http://www.bigrock.in/about-us/bigrock-management.php BigRock Management], see note about ownership</ref>, BizLand<ref name=bloomberg/><ref name=netcraft/>, BlueBoxInternet, [[StartLogic|BlueDomino]]<ref name=bbb/>, [[Bluehost]]<ref name=nasdaq-cm463276/><ref name=eigbrands/><ref name=eweek>[http://www.eweek.com/c/a/Linux-and-Open-Source/Open-Source-Drives-Small-Business-538896 Open Source Drives Small Business - Linux and Open Source - News & Reviews - eWeek.com<!-- Bot generated title -->]</ref><ref name=releasedetail/>, BuyDomains<ref name=nasdaq-cm463276/><ref name=releasedetail/><ref name=BuyDomains>https://www.hostingkingdom.com/blog/endurance-international-group/, see Notable Acquisitions</ref>, CitrexHosting, [[Directi]]<ref name=Directi>http://www.enduranceinternational.com/press/press-releases/endurance-international-group-expands-in-india-and-beyond-completes-directi-acquisition-extending-international-reach</ref><ref name=releasedetail/>, Dollar2Host, Domain.com<ref name=nasdaq-cm463276/><ref name=releasedetail/>, DomainHost<ref name=bbb/>, Dot5Hosting<ref name=bbb/>, Dotster<ref name=bloomberg/><ref name=bbb/>, easyCGI<ref name=bbb/>, eHost<ref name=bbb/>, EmailBrain, EntryHost<ref name=bbb/>, Escalate Internet, [[Bluehost|FastDomain]], FatCow<ref name=bbb/><ref name=netcraft/>, FreeYellow<ref name=netcraft/><ref name=bbb/>, Glob@t<ref name=bbb/>, Homestead<ref name=market>[http://www.marketwatch.com/story/endurance-international-group-to-purchase-intuit-websites-business-2012-08-15 Endurance International Group to Purchase Intuit Websites Business - MarketWatch<!-- Bot generated title -->]</ref><ref name=bbb/>, HostCentric<ref name=bbb/>, HostClear<ref>http://hostclear.com, see note about merge with JustHost</ref>, [[HostGator]]<ref name=bloomberg/><ref name=nasdaq-cm463276/><ref name=eigbrands/><ref name=releasedetail/>, [[Bluehost|HostMonster]]<ref>[http://mashable.com/2013/08/02/bluehost-down/ Hostgator, HostMonster and BlueHost down (confirmed EIG brands)]</ref>, HostNine, HostV VPS, HostWithMeNow.com, HostYourSite.com<ref name=bbb/>, HyperMart<ref name=netcraft/>, IMOutdoors Hosting<ref name=bbb/>, Intuit Websites<ref name=market/><ref name=intuit>{{cite web|title=Intuit Websites Acquired by Endurance International|url=http://www.thehostingnews.com/intuit-websites-to-become-part-of-endurance-international-25491.html|publisher=THN News|accessdate=17 April 2014|date=16 August 2012}}</ref>, [[iPage]]<ref name=bbb/><ref name=intuit/><ref name=nasdaq-cm463276/><ref name=releasedetail/>, [[StartLogic|IPOWER/iPowerWeb]]<ref name=bbb/><ref name=netcraft/>, JustHost<ref>[http://www.webhostingreviewzone.net/hosting-companies2/justhost-company-bio/ JustHost Company Bio | Web Hosting Review Zone]</ref>, LogicBoxes<ref>http://logicboxes.com, see note about merge with Directi</ref>, MojoMarketplace<ref>{{cite web|last=Nord|first=Brady|title=We have been acquired. The future has a lot of MOJO!|url=http://www.mojo-themes.com/2013/04/we-have-been-acquired/|accessdate=17 April 2014}}</ref>, MyDomain<ref name=bbb/>, MyResellerHome, NetFirms<ref name=bbb/><ref name=welcome>[http://www.enduranceinternational.com/endurance/welcome-netfirms.bml Endurance International | Questions about the Netfirms Transition?]</ref>, Networks Web Hosting<ref name=bbb/>, Nexx<ref>[http://trademarks.justia.com/783/73/nexx-78373756.html NEXX Trademark of Nexx Online, Inc. - Registration Number 2966779 - Serial Number 78373756 :: Justia Trademarks<!-- Bot generated title -->]</ref><ref name=edgar-1237746/, PowWeb<ref name=bbb/><ref name=netcraft/>, PureHost<ref name=bbb/><ref name=netcraft/>, ReadyHosting.com<ref name=bbb/>, [[ResellerClub]]<ref name=nasdaq-cm463276/><ref>http://resellerclub.com, see note about merge with Directi</ref><ref name=releasedetail/>, Saba-Pro, SEO Gears<ref name=edgar-1237746/>, SEO Hosting<ref>[http://support.hostgator.com/articles/hosting-guide/hosting-plan-comparison/about-seo-hosting About SEO Hosting « HostGator.com Support Portal<!-- Bot generated title -->]</ref><ref>http://seohosting.com</ref>, SEO Web Hosting, Southeast Web, SpeedHost, Spertly<ref name=edgar-1237746/,Spry<ref name=bbb/>, StartLogic<ref name=bbb/>, SuperGreen Hosting<ref>http://supergreenhosting.com, see note about merge with JustHost</ref>, [[Typepad]]<ref>https://inventively.com/search/trademarks/78235986</ref>, USANetHosting<ref name=bbb/>, vDeck<ref>https://www.besthostnews.com/endurance-international-eig/</ref>, VirtualAvenue<ref name=bbb/><ref name=netcraft/>, VPSLink<ref name=bbb/>, Unified Layer<ref name=edgar-1237746>http://www.sec.gov/Archives/edgar/data/1237746/000119312513361255/d555515dex211.htm</ref>, WebHost4Life<ref name=bbb/>, webhosting.info<ref>http://webhosting.info, see note about merge with Directi</ref>, Webstrike Solutions<ref name=bbb/>, WP Roots, Xeran<ref name=bbb/>, YourWebHosting<ref name=bbb/>, Webzai, Ltd.<ref name=nasdaq-cm463276/><ref name=releasedetail/> |
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This path to increased size is similar to the path networking company [[Verio#Some_of_the_ISPs_purchased_by_Verio|Verio]] followed in the 1990's, using free cash flow and access to capital markets <ref>http://www.internetnews.com/fina-news/article.php/35251/Verio+Secures+Funding+for+Acquisitions.htm</ref> in acquiring assets to add to their corporate portfolio.<ref>http://seekingalpha.com/article/3034376-endurance-godaddy-wix-and-web-com-choosing-growth-or-leverage</ref> |
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The company made four buys in 2014. The biggest being a $109.8 million cash and stock deal for the web presence business of Directi from Indian based Directi Web Technologies. Directi provides services in various countries, including India, the U.S., Turkey, China, Russia and Indonesia.<ref name=nasdaq-cm463276>{{cite web|last=|first=|title=Web Host Endurance International Bulks Up With Buys|url=http://www.nasdaq.com/article/web-host-endurance-international-bulks-up-with-buys-cm463276|publisher=Investor's Business Daily|date=8 April 2015|accessdate=21 May 2015}}</ref> |
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Blake Cunneen, Endurance's senior vice president of corporate development has stated: ''"Investing in mergers and acquisitions is a very accretive use of free cash flow and going forward we'll continue to do so. We don't have any deals we're announcing. But we told the Street to expect M&A growth to continue."''<ref name=nasdaq-cm463276/> |
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⚫ | In March 2015, the company announced an investment in Netherlands-based technology startup AppMachine, acquiring 40% of the company.<ref>http://www.appmachine.com/blog/appmachine-gets-15-2-million-investment-endurance/</ref><ref>http://startupjuncture.com/2015/02/24/appmachine-raises-15-2-million-partners-with-endurance-international-group/</ref><ref name=nasdaq-cm463276/> |
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In April 2014, a major network issue at the data center in Provo, Utah, affected customers of Bluehost, HostMonster and JustHost, and took down many of the dedicated servers owned by HostGator customers.<ref>{{cite web|last=Warren|first=Christina|title=Bluehost, HostGator and HostMonster Go Down|url=http://mashable.com/2013/08/02/bluehost-down/|publisher=Mashable|accessdate=17 April 2014}}</ref>{{irrel|date=April 2015}} |
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== References == |
== References == |
Revision as of 01:35, 28 September 2015
This article needs additional citations for verification. (August 2013) |
Company type | Public |
---|---|
Nasdaq: EIGI | |
Industry | Web hosting, domain registration, SEO |
Predecessor | BizLand |
Founded | 1997 |
Founder | Hari Ravichandran |
Headquarters | , United States |
Number of locations | Worldwide |
Key people | Hari Ravichandran |
Products | Multiple webhosting sites |
Services | Web services |
Website | www |
Endurance International Group Holdings, Inc. (EIG), formerly BizLand, is a web hosting company. The company was founded in 1997 and is headquartered in Burlington, Massachusetts.[1] It achieved its size by acquiring a large number of smaller companies, which it continues to operate under the original brand names.[2]
In 2011, Endurance was bought from Accel-KKR by Warburg Pincus and GS Capital Partners, for around $975 million.[3] In September 2013, the company announced plans to raise $400 million in an IPO.[4] The company announced it would list on the NASDAQ under the ticker symbol EIGI.[5] It went public in October 2013 raising $252 million selling shares to the public at $12 each. This was below the company's target goal of $400 million.[6][7]
The company stated that its free cash flow for operations in 2014 was $143 million. Additionally, that Warburg Pincus and Goldman Sachs own more than 40 percent of the company.[8]
In a 2015 investor earnings conference call, the company reported having 4.2 million worldwide users.[9]
Company Structure
Although now one of the internet's largest web hosting providers, the company is structured differently than other large hosting companies such as Rackspace, GoDaddy or 1&1 Internet. The company has grown its hosting and related business through numerous acquisitions.[10][11]
As reflected in its name, "Endurance International Group Holdings, Inc.", this parent company functions similarly to traditional corporate holding companies. It offers no hosting or related services itself. Internet services are provided by a large number of its acquisitions, many of which retain their original brand names.[12] These include, but are not limited to: 2slick.com, AccountSupport[13], Arvixe LLC [14][15], A Small Orange[14][12][15], ApolloHosting[13], Berry Information Systems, BigRock[16], BizLand[1][2], BlueBoxInternet, BlueDomino[13], Bluehost[14][12][17][15], BuyDomains[14][15][18], CitrexHosting, Directi[19][15], Dollar2Host, Domain.com[14][15], DomainHost[13], Dot5Hosting[13], Dotster[1][13], easyCGI[13], eHost[13], EmailBrain, EntryHost[13], Escalate Internet, FastDomain, FatCow[13][2], FreeYellow[2][13], Glob@t[13], Homestead[20][13], HostCentric[13], HostClear[21], HostGator[1][14][12][15], HostMonster[22], HostNine, HostV VPS, HostWithMeNow.com, HostYourSite.com[13], HyperMart[2], IMOutdoors Hosting[13], Intuit Websites[20][23], iPage[13][23][14][15], IPOWER/iPowerWeb[13][2], JustHost[24], LogicBoxes[25], MojoMarketplace[26], MyDomain[13], MyResellerHome, NetFirms[13][27], Networks Web Hosting[13], Nexx[28][13][2], PureHost[13][2], ReadyHosting.com[13], ResellerClub[14][29][15], Saba-Pro, SEO Gears[30], SEO Hosting[31][32], SEO Web Hosting, Southeast Web, SpeedHost, Spertly[13], StartLogic[13], SuperGreen Hosting[33], Typepad[34], USANetHosting[13], vDeck[35], VirtualAvenue[13][2], VPSLink[13], Unified Layer[30], WebHost4Life[13], webhosting.info[36], Webstrike Solutions[13], WP Roots, Xeran[13], YourWebHosting[13], Webzai, Ltd.[14][15]
This path to increased size is similar to the path networking company Verio followed in the 1990's, using free cash flow and access to capital markets [37] in acquiring assets to add to their corporate portfolio.[38]
The company made four buys in 2014. The biggest being a $109.8 million cash and stock deal for the web presence business of Directi from Indian based Directi Web Technologies. Directi provides services in various countries, including India, the U.S., Turkey, China, Russia and Indonesia.[14]
Blake Cunneen, Endurance's senior vice president of corporate development has stated: "Investing in mergers and acquisitions is a very accretive use of free cash flow and going forward we'll continue to do so. We don't have any deals we're announcing. But we told the Street to expect M&A growth to continue."[14]
In March 2015, the company announced an investment in Netherlands-based technology startup AppMachine, acquiring 40% of the company.[39][40][14]
In April 2014, a major network issue at the data center in Provo, Utah, affected customers of Bluehost, HostMonster and JustHost, and took down many of the dedicated servers owned by HostGator customers.[41][relevant?]
References
- ^ a b c d The Endurance International Group, Inc., Bloomberg Businessweek. Retrieved April 12, 2011
- ^ a b c d e f g h i Rich Miller, IPOWER, Endurance International Announce Merger, NetCraft, May 9, 2007
- ^ Demos, Telis. "Web Hoster Endurance International Preps for IPO". WSJ. Retrieved 17 April 2014.
- ^ http://www.sec.gov/Archives/edgar/data/1237746/000119312513361255/d555515ds1.htm
- ^ http://www.nasdaq.com/symbol/eigi
- ^ http://www.nasdaq.com/markets/ipos/company/endurance-international-group-holdings-inc-409100-73448
- ^ http://www.bostonglobe.com/business/2013/10/25/endurance-web-hoster-endurance-raises-million-ipo/0mwVrnj7qmz3qefHXkRYyM/story.html
- ^ "Endurance (EIGI) Responds to Report by Gotham City Research". StreetInsider. 28 April 2015. Retrieved 21 May 2015.
- ^ "Earnings Call Transcript". Seeking Alpha. 5 May 2015. Retrieved 21 May 2015.
- ^ https://www.hostingkingdom.com/blog/endurance-international-group/
- ^ http://seekingalpha.com/article/3034376-endurance-godaddy-wix-and-web-com-choosing-growth-or-leverage
- ^ a b c d http://www.endurance.com/our-company/our-brands
- ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag "BBB Business Review - The Endurance International Group, Inc". Retrieved 21 May 2015.
- ^ a b c d e f g h i j k l "Web Host Endurance International Bulks Up With Buys". Investor's Business Daily. 8 April 2015. Retrieved 21 May 2015.
- ^ a b c d e f g h i j http://ir.endurance.com/releasedetail.cfm?ReleaseID=880160, Accessed 4 November 2014
- ^ BigRock Management, see note about ownership
- ^ Open Source Drives Small Business - Linux and Open Source - News & Reviews - eWeek.com
- ^ https://www.hostingkingdom.com/blog/endurance-international-group/, see Notable Acquisitions
- ^ http://www.enduranceinternational.com/press/press-releases/endurance-international-group-expands-in-india-and-beyond-completes-directi-acquisition-extending-international-reach
- ^ a b Endurance International Group to Purchase Intuit Websites Business - MarketWatch
- ^ http://hostclear.com, see note about merge with JustHost
- ^ Hostgator, HostMonster and BlueHost down (confirmed EIG brands)
- ^ a b "Intuit Websites Acquired by Endurance International". THN News. 16 August 2012. Retrieved 17 April 2014.
- ^ JustHost Company Bio | Web Hosting Review Zone
- ^ http://logicboxes.com, see note about merge with Directi
- ^ Nord, Brady. "We have been acquired. The future has a lot of MOJO!". Retrieved 17 April 2014.
- ^ Endurance International | Questions about the Netfirms Transition?
- ^ NEXX Trademark of Nexx Online, Inc. - Registration Number 2966779 - Serial Number 78373756 :: Justia Trademarks
- ^ http://resellerclub.com, see note about merge with Directi
- ^ a b http://www.sec.gov/Archives/edgar/data/1237746/000119312513361255/d555515dex211.htm
- ^ About SEO Hosting « HostGator.com Support Portal
- ^ http://seohosting.com
- ^ http://supergreenhosting.com, see note about merge with JustHost
- ^ https://inventively.com/search/trademarks/78235986
- ^ https://www.besthostnews.com/endurance-international-eig/
- ^ http://webhosting.info, see note about merge with Directi
- ^ http://www.internetnews.com/fina-news/article.php/35251/Verio+Secures+Funding+for+Acquisitions.htm
- ^ http://seekingalpha.com/article/3034376-endurance-godaddy-wix-and-web-com-choosing-growth-or-leverage
- ^ http://www.appmachine.com/blog/appmachine-gets-15-2-million-investment-endurance/
- ^ http://startupjuncture.com/2015/02/24/appmachine-raises-15-2-million-partners-with-endurance-international-group/
- ^ Warren, Christina. "Bluehost, HostGator and HostMonster Go Down". Mashable. Retrieved 17 April 2014.